PropTech Investment Co. II (OTCMKTS:PTICU) Shares Up 13.6% – Here’s What Happened

PropTech Investment Co. II (OTCMKTS:PTICU) shares shot up 13.6% on Monday . The stock traded as high as $10.85 and last traded at $10.54. 2,100 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 9,001 shares. The stock had previously closed at $9.28.

PropTech Investment Co. II Trading Up 13.6%

The business’s 50-day moving average is $10.54 and its 200-day moving average is $10.54.

PropTech Investment Co. II Company Profile

PropTech Investment Co II is a publicly traded special purpose acquisition company (SPAC) formed in 2021 with the objective of identifying and completing business combinations in the property technology (PropTech) sector. The company raised capital through an initial public offering, with its units trading under the ticker symbol PTICU on the OTC Markets.

As a blank-check vehicle, PropTech Investment Co II holds its proceeds in a trust account pending a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses operating in the PropTech space.